Cardano Market Cap – ADA USD Market Capitalisation Data
Cardano Market Cap Explained
Cardano's market capitalisation is calculated by multiplying the current ADA price by the circulating supply. With approximately 36.84 billion ADA in circulation and a price of around $0.25, the live market cap stands at roughly $9.3 billion USD. This places Cardano at rank #12 among all cryptocurrencies by market cap.
Key Facts:
- Live market cap: approximately $9.3 billion USD
- Circulating supply: 36.84 billion ADA of 45 billion maximum
- Peak market cap: over $75 billion in September 2021
- Daily trading volume: over $400 million USD
The fully diluted valuation (FDV) of Cardano – which accounts for the maximum supply of 45 billion ADA rather than just circulating tokens – is approximately $12.85 billion at the current price. The difference between the live market cap and FDV indicates that roughly 8.16 billion ADA have yet to enter circulation through staking rewards and other distribution mechanisms.
Cardano's 24-hour trading volume regularly exceeds $400 million, giving a volume-to-market-cap ratio of around 4%. A high ratio suggests active trading relative to market size. Historically, Cardano's market cap peaked above $75 billion during the 2021 bull market, meaning the current market cap is still more than 87% below that record level.